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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies Can Now Receive Loans from National Dairy Development Board Per Amended Companies (Acceptance of Deposits) Rules, 2003.</h1> The Central Government, in consultation with the Reserve Bank of India, has amended the Companies (Acceptance of Deposits) Rules, 1975, under the Companies Act, 1956. The amendment, effective from its publication date, adds a clause to Rule 2, sub-rule (b), allowing companies to receive loans from the National Dairy Development Board, either directly or through subsidiaries. This change is documented in the Companies (Acceptance of Deposits) Amendment Rules, 2003, and follows a series of prior amendments to the original 1975 rules.
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